Kentucky House Bill 449 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 16 2017 - 25% progression, died in committee
Action: 2017-02-21 - to State Government (H)
Pending: House State Government Committee
Text: Latest bill text (Draft #1) [PDF]

Create a new section of KRS 61.510 to 61.705 to prohibit future members of the General Assembly from participating in the Kentucky Employees Retirement System unless they participated in the Kentucky Employees Retirement System or the Legislators' Retirement Plan as members of the General Assembly prior to August 1, 2017; allow current members of the General Assembly participating in the Kentucky Employees Retirement System to make a one-time election to discontinue participation and to take a refund of accumulated contributions; amend KRS 6.505 to close the Legislators' Retirement Plan to new members effective August 1, 2017; allow current members of the General Assembly participating in the Legislators' Retirement Plan to make a one-time election to discontinue participation and take a refund of accumulated contributions; amend KRS 61.510 to conform.

AN ACT relating to retirement benefits for legislators.

Rep. Robert Benvenuti [R]

Date	Chamber	Action
2017-02-21	House	to State Government (H)
2017-02-16	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/17RS/HB449.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB449/bill.pdf